Average Vancouver real estate values have recovered

According to the stats of the Vancouver Real Estate Board values have almost recovered to the level of 12 months ago after an average increase in prices of 11.4% since January 09! The GVREB also reported that the number of properties sold in August 09 was 119.5% higher than in August 08 and 1.7% higher than in August 07 when the market was very active.
Let's hope that real estate values and the economy in general continue to improve.